Tag Archives: T. Boone Pickens

T. Boone Pickens “Taps Out”

We just could not resist — Hopefully T. Boone does not read this post !

After calling for $100 oil by end of the year – then revised to $70, recently on Bloomberg TV, he stated he is out of the Oil trade!

T. Boone Taps Out

T. Boone Taps out

Looks like to me the tall guy holding the leg is oil — T. Boone, is of course the one Tapping Out! YIKES!!!

Never go “All In” or “All Out”!

Love those aggressive forecasts !! We are watching !

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225


 

Gas Price Stabilization …. Capitalism at work … Baker Hughes Rig Count

A fellow blogger from Calafia Beach Pundit, Stott Grannis put this chart our recently.

Baker Hughes US Rig Count

2-20-15 Baker Huges Rig Count

This is really amazing.

T Boone Pickens recently stated that the Rig count would fall by 50% and we would be at $100/ barrel oil by the end of 2015.

In my opinion, both of Boones statements are a bit aggressive, but there is no denying capitalism is at work.

Have a great Day!

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225